Classical republican theories are monadic in the sense of seeing in each political regime a set of typical operating characteristics. There is disagreement as to what those characteristics are and specifically whether republican governments are more likely to be aggressive or peace loving. We...

This paper locates Japan's financial policies in the context of electoral incentives. The collapse of Japan's economic bubble in 1990 exposed the rot in the banking system, hidden for decades by a Liberal Democratic Party (LDP) government intent on maintaining favor with local support groups,...

This article seeks to ground financial regulatory choices in domestic politics. Based on evidence from twenty-two industrialized countries, we argue that electoral rules—specifically, the extent to which they are centrifugal or centripetal—have a significant effect on whether the banks or...